Wilson Memorial Hospital
dba Wilson Health ·
Sidney, Shelby County, OH
· CCN 360013
Licensed to Shelby County Memorial Hospital Association Inc.
Composite
37.0
rank score
Distress
31
FY2023
Fit
58
vs thesis
Estimated ticket
$4.4M–$8.8M
44 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $89.7M |
| Operating margin | -8.4% |
| Total margin | 4.7% |
| Days cash on hand | 324 |
| Current ratio | 8.63 |
| Occupancy | 40% |
Facility
| Beds | 44 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 71 | $78.4M | $8.7M | -8.7% | 9.3% | 437 | 10.19 | 25% | 2,163 | 31 |
| 2021 | 71 | $94.1M | $19.1M | 0.3% | 16.9% | 405 | 10.98 | 30% | 2,412 | 16 |
| 2022 | 44 | $88.3M | $695K | -6.9% | 0.7% | 326 | 7.16 | 43% | 2,606 | 31 |
| 2023 | 44 | $89.7M | $4.8M | -8.4% | 4.7% | 324 | 8.63 | 40% | 2,409 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Julie Covault | corporate officer | 100 | 2013-03 | |
| Doug Borchers | corporate director | 2025-04 | ||
| Gary Heitmeyer | corporate director | 2022-04 | ||
| Jackie Davis | corporate officer | 2023-04 | ||
| Jackie Davis | corporate director | 2023-04 | ||
| Janice Benanzer | corporate officer | 2025-04 | ||
| Janice Benanzer | corporate director | 2016-04 | ||
| John Brooks | corporate director | 2025-04 | ||
| Julie Covault | w-2 managing employee | 2013-03 | ||
| Marian Spicer | corporate director | 2019-04 | ||
| Matthew Vasko | corporate director | 2025-04 | ||
| Michael Lochard | corporate director | 2025-04 | ||
| Mimi Crawford | corporate director | 2025-04 | ||
| Nicholas Straka | corporate director | 2023-04 | ||
| Paul Dentinger | corporate director | 2020-04 | ||
| Ralph Keister | corporate director | 2024-04 | ||
| Shelly Gasson | corporate director | 2021-04 | ||
| Thomas Milligan | corporate officer | 2025-04 | ||
| Thomas Milligan | corporate director | 2017-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in OH
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2022-03-01 | Mercy Health - St Vincent Medical... | Mercy Health-St Charles Hospital Llc | St Vincent Medical Center | 516 |
| 2022-03-01 | Mercy Health - St Vincent Medical... | Mercy Health-St Charles Hospital Llc | St Vincent Medical Center | 516 |
| 2022-03-01 | Mercy Health - St Vincent Medical... | Mercy Health-St Charles Hospital Llc | St Vincent Medical Center | 516 |
| 2022-03-01 | Mercy Health - St Vincent Medical... | Mercy Health - St Anne Hospital Llc | St Vincent Medical Center | 516 |
| 2020-10-01 | The Good Samaritan Hospital Of... | Trihealth Hospital, Inc | Good Samaritan Hospital | 362 |
| 2019-04-01 | Ohiohealth Berger Hospital Llc | Berger Hospital | Berger Hospital | 83 |
| 2018-12-02 | The Toledo Hospital | Flower Hospital | The Toledo Hospital | 730 |
| 2016-10-31 | Prime Healthcare Foundation -... | Coshocton County Memorial Hospital... | Coshocton Regional Medical Center | 56 |